{"id":19173,"date":"2024-10-31T12:25:11","date_gmt":"2024-10-31T02:25:11","guid":{"rendered":"https:\/\/woodcentral.com.au\/?p=19173"},"modified":"2024-10-31T12:41:11","modified_gmt":"2024-10-31T02:41:11","slug":"forget-the-red-sea-trumps-tariff-plan-could-fuel-timber-trade-war","status":"publish","type":"post","link":"https:\/\/woodcentral.com.au\/forget-the-red-sea-trumps-tariff-plan-could-fuel-timber-trade-war\/","title":{"rendered":"Forget the Red Sea: Trump’s Tariff Plan Could Fuel Timber Trade War"},"content":{"rendered":"\n

Twelve months after the Red Sea crisis – which has seen global shipping divert billions of freight containers around the Cape of Good Hope, Donald Trump’s quest to Make America Great Again<\/em> is set to be the biggest shake-up to global timber for several decades. Wood Central understands that Trump’s new policy, a throwback to the 1880s and 1890s, could potentially kick off a trade war of unprecedented scale, with the $520 billion trade in forest products caught in the crosshairs.<\/a><\/p>\n\n\n\n

Speaking to the Joe Rogan Experience podcast on Friday – which has been downloaded 42 million times on YouTube, the former president, now ahead in the polls after current President Biden labelled Trump supporters ‘garbage<\/a>, has doubled down on his pledge to impose a\u00a0universal baseline<\/a> 10%\u00a0tariff on all US imports and a 60% <\/a>tariff on all US imports from China.<\/p>\n\n\n\n

\"In
In less than a week. Americans will decide if former President Donald Trump or current Vice President Kamala Harris will become the next president of the United States. (Photo Credit: Peter Kov\u00e1\u010d \/ Alamy Stock Photo)<\/figcaption><\/figure>\n\n\n\n

While discussing tariffs, Trump was asked by Rogan, \u201cDid you just float out the idea of getting rid of income taxes and replacing them with tariffs?\u201d<\/p>\n\n\n\n

Rogan asked,\u00a0\u201cWere\u00a0you serious about that?\u201d<\/strong><\/p>\n\n\n\n

\u201cYeah, sure. Why not?\u201d the former president responded.\u00a0\u201cBecause,\u00a0we, really, our country was the richest in the world, relatively, in the 1880s and 1890s. A president named McKinley, who was assassinated, was the tariff king. He spoke beautifully of tariffs.\u201d<\/p>\n\n\n\n

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\u201cAnd then around in the early 1900s, they switched over stupidly to frankly an income tax. And you know why? Because countries were putting a lot of pressure on America:\u00a0\u2018We\u00a0don\u2019t want to pay tariffs, please don\u2019t.\u2019 You know they, believe me, they control our politicians.”<\/p>\nFormer President Trump on his plans to introduce a blanket tariff on 10% of all imports into the United States – and 60% on goods imported from China.<\/cite><\/blockquote>\n\n\n\n

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